Medical Office Condominium
4200 North Armenia Avenue Tampa, FL 33607
4200 North Armenia Avenue, Tampa, FL, 33607
Contact for pricing
Turnkey medical layout with multiple exam rooms and back-office support for owner-users or solo practitioners.
Property Size1,797 SF
Price / SF$361.71
AddedJun 9
Days on Market37
Last RefreshJul 13 at 6:59 am
Property Features for 4200 North Armenia Avenue
General Information
- Standard status
- Active
- Size
- 1,797 SF
- Property subtype
- Office
Building Details
- Year Built
- 1987
Listing office SVN | Commercial Advisory Group-TAMPA
Listing date Jun 9, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SVN | Commercial Advisory Group-TAMPA
Investment Insights
Based on property information with market context.
Suite 5 at 4200 N. Armenia Avenue is an approximately 1,797 SF medical office condominium for sale with an existing, medical-focused interior layout. The suite includes a waiting room and check-in area near the lobby, a patient restroom, and three exam rooms with sinks, plus one oversized exam room with a sink. Additional improvements include a lab area, work area, break room, physician office, staff restroom, and supporting back-office space, designed to support day-to-day clinical operations.
The suite is located along N. Armenia Avenue in Tampa, with access to major Tampa medical corridors, hospitals, residential neighborhoods, and major roadways. The property is positioned as a centrally located option for healthcare providers who prefer to be near established medical destinations and transportation routes.
This suite is well-suited for a medical owner-user or solo practitioner seeking a manageable, suite-sized space with a buildout already in place. The existing medical configuration may help reduce the time and disruption commonly associated with converting a general office into medical use, making it practical for a physician, specialty provider, therapy practice, or healthcare group looking to own rather than lease.
The suite is located along N. Armenia Avenue in Tampa, with access to major Tampa medical corridors, hospitals, residential neighborhoods, and major roadways. The property is positioned as a centrally located option for healthcare providers who prefer to be near established medical destinations and transportation routes.
This suite is well-suited for a medical owner-user or solo practitioner seeking a manageable, suite-sized space with a buildout already in place. The existing medical configuration may help reduce the time and disruption commonly associated with converting a general office into medical use, making it practical for a physician, specialty provider, therapy practice, or healthcare group looking to own rather than lease.
Key Highlights
- Suite 5 at 4200 N. Armenia Avenue: 1,797 SF medical office condominium in Tampa, FL (built 1987)
- Medical layout includes a waiting room, check‑in area, and patient restroom near the lobby
- Features four exam rooms: three standard exam rooms with sinks plus one oversized exam room with a sink
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.4k | $26.40 |
| − Vacancy | −$3.8k | −$2.11 |
| EGI | $43.6k | $24.29 |
| − OpEx | −$17.5k | −$9.72 |
| NOI | $26.2k | $14.57 |
1,797 SF · lease $26.40/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$374.1K
$327.3K – $436.5K
NOI $26,187 @ 7.0% cap · market cap 4.03%
Second Best
Office B
$348.9K
$305.3K – $407.0K
NOI $24,421 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$418.6K
$366.3K – $488.4K
NOI $29,305 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mohamed El-Rabbany
Dental Office
Psoriasis Treatment Center
Physician
FCI Breastfeeding
Physician
Dr. Victoria Palermo
Dental Office
Oleg Kalsow
Dental Office
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- Humane society — 3607 N Armenia Ave, Tampa, FL 33607
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- Animal Hospital — 3709 N Armenia Ave, Tampa, FL 33607
FAQs
What type of property is this?
Medical Office Space - Turnkey medical layout with multiple exam rooms and back-office support for owner-users or solo practitioners.
Where is this medical office space located?
The property is located at 4200 North Armenia Avenue Tampa, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Suite 5 at 4200 N. Armenia Avenue: 1,797 SF medical office condominium in Tampa, FL (built 1987); Medical layout includes a waiting room, check‑in area, and patient restroom near the lobby; Features four exam rooms: three standard exam rooms with sinks plus one oversized exam room with a sink
